A new report forecasts ethanol production is on pace to exceed domestic and export demand as producers continue to reinvest last year’s profits into facilities and additional production capacity. The report from CoBank on “Ethanol’s Growth Path: Output and Export Uncertainties Both Rising” outlines predicts that the ethanol market will soon face worsening profit margins, which could potentially push the …
Canada Top U.S. Ethanol Importer in June
As Brazil continues to mull a proposed 20 percent tariff on U.S. ethanol imports, exports to that country hit their lowest point this year in June allowing Canada to take the top importer spot for that month. However, according to the Renewable Fuels Association analysis of EIA data, shipments to Brazil for the first half of this year are roughly …
Brazil Delays Tariff Decision
The U.S. ethanol industry is encouraged by a 30 day delay by the Executive Management Committee of CAMEX, Brazil’s Chamber of Foreign Trade in making a decision on a proposed 20 percent tariff on U.S. ethanol imports. U.S. Grains Council (USGC) President and CEO Tom Sleight, Renewable Fuels Association (RFA) President and CEO Bob Dinneen and Growth Energy CEO Emily …
Imports of U.S. Ethanol to Brazil Soar
As Brazil continues to consider tariffs on imported ethanol from the United States, the country just keeps importing more, remaining by far the top destination in the world for U.S. ethanol. According to government data analyzed by the Renewable Fuels Association (RFA), Brazil imported 64.3 million gallons (mg) of U.S. ethanol in May, bringing the total for the first five …
Ethanol Exports Dive in April but Still on Record Pace
U.S. ethanol exports are still on a record pace for 2017 despite a 32% drop in April exports compared to March at 87.2 million gallons, the lowest volume in eight months, according to the latest government data analyzed by the Renewable Fuels Association (RFA). Year-to-date ethanol exports totaled a record 474.8 mg in the first four months of 2017. Brazil …
Groups Comment on Proposed Canada Clean Fuel Standard
A recent U.S. ethanol industry mission to Canada delivered the message that ethanol can help them achieve their goals of reducing greenhouse gas emissions by 30 megatons by 2030. Following the mission, Growth Energy and the Renewable Fuels Association (RFA) joined the U.S. Grains Council (USGC) last week in submitting comments in response to Environment and Climate Change Canada’s (ECCC) …
Brazil Postpones Imposing Tariffs on US Ethanol
A decision by Brazil’s Chamber of Foreign Trade (CAMEX) on whether to impose tariffs on U.S. ethanol has been postponed by until next month for further evaluation. Brazilian sugarcane and ethanol producer associations proposed to reinstate the ethanol import tariff in Brazil after a recent surge in shipments coming in from the United States. UNICA has proposed a 16% tariff …
Ethanol and DDGS Exports Up in February
Exports of U.S. ethanol in February were the highest in a single month since late 2011, at 138.0 million gallons (mg), according to government data analyzed by the Renewable Fuels Association research analyst Ann Lewis. Brazil was again the top customer, taking in more than one-third of all U.S. ethanol exports (50.8 mg, or 37%) but 14% less than record …
Saudi Arabia Buying More US DDGs
Saudi Arabia is ramping up its purchases of the ethanol co-product distiller’s dried grains with solubles (DDGS) from the United States, according to the U.S. Grains Council. Last month, Saudi buyers purchased 18,000 metric tons of U.S. DDGS, a relatively large amount and a dramatic increase from total sales of just 8,400 metric tons in 2014. While the dairy and …
#RFANEC Attendees Introduced to EXIM Bank
One of the sessions held during last week’s National Ethanol Conference gave attendees the opportunity to learn more about the Export Import Bank of the United States (EXIM), the official export credit agency of the U.S. government. In her presentation, Sandra Donzella, Deputy Managing Director for the Western Region, explained how EXIM provides help to exporters by filling financing gaps …